See Manulife Financial for flexible health insurance plans.

Affordable Health Insurance

Health Insurance Benefits for Small Businesses

A downfall of working for a small business is that health insurance is not always a guarantee. This is mostly due to the fact that small business health insurance can be expensive to buy, especially in comparison to larger businesses that have received special insurance deals or group rates.

Many supplemental insurance companies offer small business health insurance packages. These are affordable deals that help benefit the small business in many ways.

Employee Benefits of Small Business Health Insurance…

Makes it easier to recruit employees
Maintains employee loyalty and dedication
Creates environment of trust and mutual respect amongst employer and employees
Improves the overall dynamic within the workplace

Financial Benefits of Small Business Health Insurance…

Employer contributions to a small business health insurance plan are generally 100% tax deductible
Employees save on payroll taxes
Spreads the financial risk between all the members, resulting in lower premiums and more extensive coverage

The cost of small business health insurance is calculated according to the group members and their individual characteristics. The biggest factors in determining your monthly premiums are:

Age
Sex

The type of plan that is chosen (dental, drug, enhanced coverage etc.) will also play a big part in determining the monthly fees.

It is important for small business owners to understand that whether they employ 2 people or 50 people, health insurance is a necessity. Your employees are the most important asset to your company, and should therefore be your number one priority.

See group plans for small businesses.